Nick deposits $1500 into a savings account that earns simple interest. The bank ar interest to his account at the end of each year. Complete the table. Principal Balance Interest Rate Interest Earned Year 1 $1500 2% $1530 2% 3%

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Q: Find the simple interest. $6000

A: Given, $6000 at 8% for 9 months

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A: given deposit = $1000 total balance after 5 years = $1500

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A: This is a compound interest problem. The correct option here is option (B) Solution provided below

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Q: loan

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